WTO: Global trade losing momentum
Print Edition
Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by US President Donald Trump to protect American jobs begins to bite.
As the World Trade Organization鈥檚 head warned that global trade was threatened, its quarterly outlook indicator 鈥 a composite of seven forward-looking indices 鈥 dipped to 100.3 from the 101.8 predicted in May for the second quarter.
That signaled 鈥渁n easing of trade growth in the coming months in line with medium-term trends,鈥 it said yesterday.
The latest figures for export orders and cars were 97.2 and 98.1 respectively. Trump has already imposed tariffs on imports of steel and aluminum from major trade partners and signaled that vehicles are likely to be next.
鈥淕lobal trade is under threat. Whether or not you call the current situation a trade war, certainly the first shots have been fired,鈥 WTO director general Roberto Azevedo wrote in an opinion piece published by several newspapers yesterday.
鈥淭he situation is extremely serious. Reciprocal trade restrictions cannot be the new normal. A continued escalation would risk a major economic impact ... hitting the poorest hardest.鈥
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
